Edison Investment Research News

 

First Jones Act-compliant Offshore Wind Farm SOV Hits Halfway Mark

Apr 07, 2023

U.S. offshore shipbuilder and shipowner Edison Chouest this week marked the 50-percent completion milestone for the U.S.-flagged ECO Edison, the first Jones Act-compliant wind farm SOV. Senior executives from offshore wind developers Ørsted and Eversource toured the Edison Chouest Offshore shipyard in Louisiana to see the progress on the SOV.ECO Edison will be delivered in 2024 and immediately provide operational support out of Port Jefferson…

Edison Plans Final Investment Decision on East Mediterranean Gas Pipeline to Europe By End of Year

Mar 20, 2023

Energy group Edison plans to take the final investment decision on a proposed pipeline to deliver east Mediterranean gas to European markets by the end of this year, the Italian project developer told Reuters. The EastMed-Poseidon pipeline,…

Hornbeck Buys Six OSVs from Edison Chouest

Feb 27, 2023

Covington, La.-based offshore vessel owner Hornbeck Offshore Services has reached a deal to acquire six offshore supply vessels (OSV) from an affiliate of its peer Edison Chouest Offshore.Hornbeck announced Monday it entered into a definitive…

Ulmatec's Gangway for First Jones Act-compliant Service Operation Vessel

Aug 17, 2022

Norway-based gangway supplier Ulmatec has secured a contract for the supply of a 32-meter motion compensated gangway and logistics support systems for ECO Edison, the first U.S.-built Jones Act service operation vessel (SOV). This 260-foot vessel…

Ban on Russian Commodity Exports to Accelerate LNG Growth, Energy Transition - Wood Mackenzie report

Jun 16, 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict…

Edison Chouest Offshore to Provide SOV for U.S. Offshore Wind Farm Owned by Equinor, BP

May 12, 2022

Empire Offshore Wind, a joint venture between Equinor and BP, has awarded Edison Chouest Offshore (ECO) a long-term service operations vessel charter. The vessel will service the Empire Wind offshore wind farm project located 15-30 miles southeast of Long Island…

Argos Gets Offshore License Extension in Falkand Islands

Apr 11, 2022

Falkland Islands-focused oil and gas exploration company Argos Resources said Monday that the Falkland Islands government has extended the second term of the company's PL001 offshore license.The license, which would have expired on May 2, 2022…

Chouest Begins Building First Jones Act SOV

Mar 03, 2022

Physical activity to construct America's first Jones Act-qualified wind farm service operations vessel (SOV) has kicked off on the U.S. Gulf Coast.The vessel, Eco Edison, is being built at Edison Chouest Offshore shipyards in Louisiana, Mississippi and Florida for planned delivery in 2024…

NJ Seeks New Wind Institute for Offshore Wind Research

Jan 26, 2022

No, that’s not the clarinet and saxophone sections in the band. New Jersey’s Economic Development Authority (EDA) released an RFP (request for proposals) on January 7 seeking a “qualified entity to conduct a feasibility study for a world-class…

Hornbeck Offshore to Acquire 10 Vessels from Edison Chouest

Jan 12, 2022

U.S.-based offshore vessel owner Hornbeck Offshore Services has agreed to acquire ten high-spec new generation offshore supply vessels ('OSVs') from Edison Chouest Offshore affiliates.Eight of the vessels are U.S.-flagged, Jones Act-qualified…

Boost to Green Energy Investment Could Create 10 Million New Jobs

Jul 07, 2021

From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy projects in nearly 50 countries are waiting for finance - and could create up to 10 million green jobs, consultancy EY-Parthenon said on Wednesday…

Sval Energi Wraps $300M Edison Norge Buy

Mar 25, 2021

Norwegian oil and gas company Sval Energi said Thursday it had completed the $300 million acquisition of Edison Norge.The deal, first announced in December 2020, sees HitecVision-backed Sval acquiring ten production licenses on the Norwegian continental shelf…

ABS to Class U.S. First Offshore Wind Farm Service Operation Vessel

Jan 27, 2021

Maritime classification society ABS will class the first U.S.-flagged Jones Act offshore wind farm service operation vessel (SOV) ever ordered.The vessel, ordered last year, will be engineered, constructed, and operated by Edison Chouest Offshore…

Energean Buys Total's Interest in Block Offshore Greece

Jan 08, 2021

Oil and gas company Energean has completed its takeover of Total’s entire 50% interest and operatorship in Block 2, offshore Western Greece. Coupled with the 25% working interest that Energean bought through the recent acquisition of Edison E&P…

Sval Energi Buys Edison Norge

Dec 31, 2020

Italy's Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of its strategy to focus on clean energy.Edison, owned by France's EDF, said the deal valued Edison Norge AS at $300 million…

Current News

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